Published and promoted by Paul Mercer, 58A Wards End, Loughborough LE11 3HBThis site only uses cookies in order to collect anonymous usage data for Google Analytics and StatCounter. By using this site we assume that you are happy to receive cookies.

Council buys homes to increase affordable housingCharnwood Borough Council has bought two homes in Loughborough to help meet the ever increasing demand for affordable housing in the area.The homes will be added to the Council’s housing stock and let through its Choice Based Lettings Scheme.Cllr Paul Mercer, the Council’s lead member for housing, said: “We are committed to providing high-quality, affordable homes to our residents and I welcome the purchase of these two homes and hope to see more coming forward soon. We all know there is a huge demand for affordable housing, and we need to look at ways in which we can boost the supply of affordable housing and buying properties using funds set aside for that purpose is one way of doing that. Our empty homes officer is also working with owners of properties which have been empty for a long time to encourage them to get the homes back on to the market for sale or rent.”The two homes purchased are in Hazel Road and New Ashby Road and cost £150,000 each. One is a two-bedroom bungalow and the other a three-bedroom house.The money used to buy them is from the Government’s Right to Buy Scheme. Under the scheme, tenants who meet a set criteria have the legal right to purchase their home at a discounted price. The Council is allowed to retain the proceeds if they are used to increase the supply of affordable housing across the borough.The Council is planning to buy more homes in the future depending on properties being available in the right locations where there is a housing need and at the right price.

COUNCIL BUYS HOMES TO INCREASE AFFORDABLE HOUSING

Charnwood Borough Council has bought two homes in Loughborough to help meet the ever increasing demand for affordable housing in the area.The homes will be added to the Council’s housing stock and let through its Choice Based Lettings Scheme.Cllr Paul Mercer, the Council’s lead member for housing, said: “We are committed to providing high-quality, affordable homes to our residents and I welcome the purchase of these two homes and hope to see more coming forward soon. We all know there is a huge demand for affordable housing, and we need to look at ways in which we can boost the supply of affordable housing and buying properties using funds set aside for that purpose is one way of doing that. Our empty homes officer is also working with owners of properties which have been empty for a long time to encourage them to get the homes back on to the market for sale or rent.”The two homes purchased are in Hazel Road and New Ashby Road and cost £150,000 each. One is a two-bedroom bungalow and the other a three-bedroom house.The money used to buy them is from the Government’s Right to Buy Scheme. Under the scheme, tenants who meet a set criteria have the legal right to purchase their home at a discounted price. The Council is allowed to retain the proceeds if they are used to increase the supply of affordable housing across the borough.The Council is planning to buy more homes in the future depending on properties being available in the right locations where there is a housing need and at the right price.

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